Page 13 - Crypto Exchanges News Today

Apple has removed some top global cryptocurrency exchanges like Binance and Kucoin from its App Store in India after the government sent show-cause notices to these crypto exchanges for not complying...

The US Securities and Exchange Commissions (SEC) decision on a Bitcoin ETF was overshadowed by a cybersecurity incident, as the SECs Twitter account was compromised and a fake post claiming approval for the ETF caused a brief surge in Bitcoins price.

The Financial Intelligence Unit, under the Finance Ministry, had last month issued show-cause notices to nine offshore VDA service providers, including Binance, for operating in the country without complying with money laundering laws.

Millions of Indian users were transacting with offshore crypto exchanges to evade taxes. This hurt not just the service providers who were complying with the law, but also resulted in revenue losses for the government

The nine crypto exchanges in question are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.

Is this the crypto demonetisation moment? The Financial Intelligence Units (FIU) notice to offshore exchanges might signal a shift. Asset safety concerns drive a market shift, posing risks for non-compliant exchanges.

Crypto exchanges must obtain an exchange license (PFAK) from Indonesia's national bourse to operate legally in Indonesia.

The post The Potential Impact of a Spot Bitcoin ETF on Crypto Exchanges: Coinbase To Face Tough Times, Says Analyst appeared first on Coinpedia Fintech News…

The digital tenge, Kazakhstan's central bank digital currency (CBDC), has been deemed a success following a month-long pilot project. 

Theres no denying that the digital asset sector has witnessed a substantial uptrend over the course of 2023.